Anand Subramanian is the mysterious ascetic who influenced the decisions of the former NSE leader, CBI claims

The Central Investigation Bureau said Friday that former National Stock Exchange Group Operating Officer Anand Subramanian allegedly identified the unknown “ascetic Himalayan” who manipulated former group leader Chitra Ramkrishna to make favorable decisions, PTI reported.

The agency made the claim before a special court of the Central Investigation Bureau while hearing a bond plea filed by Subramanian in the 2018 co-location case. The case concerns allegations of preferential access to the National Stock Exchange’s trading algorithm platform. The two Ramkrishna and Forums to be caught in the situation.

The Central Bureau of Investigation said it was looking at a trip made by Subramanian and Ramkrishna to the Seychelles. He said that trip was mentioned in the email exchanges between Ramkrishna and the mysterious ascetic.

The investigating agency said it was not an “innocent leisure trip” and a thorough investigation was needed, according to PTI.

Ramkrishna was chief executive officer and managing director of the National Stock Exchange from April 2013 to December 2016.

In February, a report from the Indian Securities and Exchange Board Ramakrishna said that Ramakrishna made decisions on the stock exchange allegedly based on an unknown Himalayan ascetic direction.

SEBI said that Ramakrishna shared confidential information about the National Stock Exchange, including its business plan and financial results, with the ascetic and also discussed employee performance evaluations with him.

The governing body said Ramakrishna had designed a Subramanian based on ascetic guidance and had given him “frequent, arbitrary and disproportionate” salary increases. Subramaniam entered the exchange in April 2013 with an annual compensation of Rs 1,68 crore. By April 2016, his compensation had increased to Rs 4.21 crore, according to SEBI.

During a hearing on Friday, the Central Bureau of Investigation alleged that Ramakrishna was involved in some malpractice on the stock exchange during its tenure.

“They [Ramakrishna and Subramanian] visit tax havens as Seychelles and Mauritius”The Central Investigation Bureau told the court, according to An Indian Express. “In the email exchanges between Chitra and Subramanian, it was discovered that sensitive information was exchanged.”

A Subramanian lawyer, however, said his client had not committed any offense even since reading the first intelligence report.

“Indeed, the FIR is concerned only with the applicant ‘s role in the unfair access to co – located facilities to Sanjay Gupta and his company OPG Security Ltd … he is not involved in the alleged complaint,” he said.

The court will announce its judgment in the case on March 24.